IFP Advisors Inc Has $30,000 Stock Position in MasTec, Inc. $MTZ

Key Points

• IFP Advisors Inc significantly reduced its stake in MasTec, Inc. by 92.3%, leaving it with only 174 shares valued at $30,000.
• Institutional ownership of MasTec stock is strong, with over 78% held by institutional investors, some of whom have increased their positions recently.
• Analyst ratings for MasTec have been mixed, with two strong buy ratings, seventeen buys, and a consensus target price of $220.37.

IFP Advisors Inc cut its holdings in MasTec, Inc. (NYSE:MTZ - Free Report) by 92.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 174 shares of the construction company's stock after selling 2,096 shares during the quarter. IFP Advisors Inc's holdings in MasTec were worth $30,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of MTZ. Brighton Jones LLC purchased a new position in MasTec in the fourth quarter valued at approximately $227,000. GAMMA Investing LLC grew its holdings in shares of MasTec by 43.6% during the 1st quarter. GAMMA Investing LLC now owns 915 shares of the construction company's stock valued at $107,000 after purchasing an additional 278 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of MasTec by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 7,213 shares of the construction company's stock worth $841,000 after purchasing an additional 190 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of MasTec by 37.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,410 shares of the construction company's stock worth $1,915,000 after buying an additional 4,469 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in shares of MasTec by 9.8% during the 1st quarter. Asset Management One Co. Ltd. now owns 45,012 shares of the construction company's stock valued at $5,253,000 after purchasing an additional 4,031 shares in the last quarter. Institutional investors own 78.10% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on MTZ. Wall Street Zen lowered MasTec from a "strong-buy" rating to a "buy" rating in a report on Sunday. Guggenheim restated a "neutral" rating and issued a $215.00 price target on shares of MasTec in a research report on Wednesday, October 15th. Wolfe Research raised MasTec from a "peer perform" rating to an "outperform" rating and set a $227.00 target price on the stock in a research note on Wednesday, September 17th. Robert W. Baird upgraded MasTec from a "neutral" rating to an "outperform" rating and set a $210.00 price target on the stock in a research note on Monday, August 4th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of MasTec in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $220.37.

Insider Buying and Selling

In related news, EVP Cardenas Alberto De sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $180.69, for a total value of $1,806,900.00. Following the completion of the sale, the executive vice president owned 101,349 shares of the company's stock, valued at approximately $18,312,750.81. The trade was a 8.98% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Robert E. Apple sold 10,000 shares of the company's stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $200.44, for a total value of $2,004,400.00. Following the sale, the chief operating officer owned 184,249 shares of the company's stock, valued at approximately $36,930,869.56. This trade represents a 5.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock worth $4,803,250 in the last ninety days. 21.30% of the stock is currently owned by corporate insiders.

MasTec Price Performance

MasTec stock opened at $196.73 on Thursday. MasTec, Inc. has a 1 year low of $99.70 and a 1 year high of $221.83. The firm has a 50 day moving average price of $194.48 and a 200 day moving average price of $169.22. The company has a market cap of $15.52 billion, a price-to-earnings ratio of 58.20 and a beta of 1.82. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.19 and a current ratio of 1.22.

MasTec (NYSE:MTZ - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.08. MasTec had a net margin of 2.04% and a return on equity of 12.71%. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same quarter in the previous year, the business posted $0.96 EPS. The firm's revenue was up 19.7% compared to the same quarter last year. MasTec has set its Q3 2025 guidance at 2.280-2.280 EPS. FY 2025 guidance at 6.230-6.440 EPS. Sell-side analysts predict that MasTec, Inc. will post 3.44 earnings per share for the current year.

MasTec Company Profile

MasTec, Inc, an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other.

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